Ritholtz Wealth Management Sells 9,561 Shares of Upland Software, Inc. $UPLD

Ritholtz Wealth Management decreased its position in shares of Upland Software, Inc. (NASDAQ:UPLD) by 19.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,836 shares of the software maker’s stock after selling 9,561 shares during the quarter. Ritholtz Wealth Management owned 0.14% of Upland Software worth $76,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UPLD. Kathmere Capital Management LLC bought a new position in shares of Upland Software in the first quarter worth about $31,000. NewEdge Advisors LLC lifted its holdings in shares of Upland Software by 697.1% in the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock worth $34,000 after acquiring an additional 10,442 shares during the last quarter. R Squared Ltd lifted its holdings in shares of Upland Software by 646.4% in the first quarter. R Squared Ltd now owns 13,510 shares of the software maker’s stock worth $39,000 after acquiring an additional 11,700 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Upland Software in the first quarter worth about $55,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Upland Software by 18.5% in the first quarter. Mackenzie Financial Corp now owns 71,523 shares of the software maker’s stock worth $205,000 after acquiring an additional 11,173 shares during the last quarter. Institutional investors own 77.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Craig Hallum raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a report on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Upland Software in a report on Wednesday, October 8th. Wall Street Zen cut shares of Upland Software from a “buy” rating to a “hold” rating in a report on Sunday, August 31st. Finally, Needham & Company LLC raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Upland Software has an average rating of “Hold” and a consensus price target of $4.00.

Upland Software Price Performance

Shares of NASDAQ UPLD opened at $2.16 on Thursday. The company has a 50 day simple moving average of $2.48 and a 200 day simple moving average of $2.25. The firm has a market cap of $62.14 million, a PE ratio of -1.21 and a beta of 1.14. Upland Software, Inc. has a 1 year low of $1.69 and a 1 year high of $5.64.

Insider Transactions at Upland Software

In related news, CEO John T. Mcdonald sold 14,438 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $2.36, for a total value of $34,073.68. Following the completion of the transaction, the chief executive officer owned 2,452,125 shares in the company, valued at $5,787,015. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.80% of the stock is currently owned by company insiders.

Upland Software Company Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.